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Midas Edge

Global Water Resources, Inc.

For the period ended Sep 30, 2025. Filed Nov 12, 2025.

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About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Sep 30, 2025 · Filed Nov 12, 2025

GWRS$7.01-3.7%Stored close · as of Nov 9, 2026

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Contents

5. Earnings Per Share

  1. Earnings Per Share

Basic EPS in each period of this report were calculated by dividing net income by the weighted-average number of shares during those periods. Diluted EPS includes additional weighted-average common stock equivalents (options and restricted stock awards), if dilutive. A reconciliation of the denominator used in basic and diluted EPS calculations is shown in the following table:

Three Months Ended September 30,Nine Months Ended September 30,
(In thousands)2025202420252024
Basic weighted average common shares outstanding27,47624,22026,44824,198
Effect of dilutive securities:
Option grants15792980
Restricted stock awards1742324
Total dilutive securities328352104
Diluted weighted average common shares outstanding27,50824,30326,50024,302
Anti-dilutive shares excluded from earnings per diluted shares129—130—

For the three and nine months ended September 30, 2025, approximately 129,000 and 130,000 share-based awards, respectively, were excluded from the computation of diluted EPS because their effect would have been anti-dilutive under the treasury stock method.

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The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.